The Securities and Exchange Commission (SEC) charged Thomas Priore and three of his affiliated firms with fraudulently managing MBS as the housing market was starting to crash in 2007. 

The agency claims that Priore, owner and president of ICP Asset Management, caused four multi-billion-dollar CDOs to lose tens of millions of dollars by engaging in fraudulent practices and misrepresentations. 

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.